On the Ma Zi
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use On the Ma Zi
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
The Expert Advisor opens a deal during a breakthrough (on candlestick closure) of the trend line, drawn between the peak of the Zig Zag and the two latest peaks for the Buy orders. For the Sell orders — mirrored.
Filtering by the МА. For Buy the price has to be higher than the МА, for Sell - lower than the МА.
Closure by crossing the МА.
Cyclicity filter. The breakthrough has to take place in the second half of the cycle from the first to the second vertex, overlaid on the first one to the right.
Prohibition of trading on Friday after a specified time and closing the open deals, if their profit is less than set in the options.
Breakeven and Trailing Stop.
For more details see here:
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